A report entitled "Strengthening the
European Rare Earths Supply Chain – Challenges and
Policy Options" has been released by the European Rare
Earths Competency Network (ERECON), a think tank
operating at arm’s length from the
European Union (EU).
The report predicts a 20% increase in rare
earths demand between 2014 and 2017, rising to 50% higher by
It said that rare earths substitution is
not a panacea to rare earths supply, that the development of
new heavy rare earths sources outside of China and greater
recycling must remain an "urgent priority" for Europe.
"The conclusions and policy
recommendations demonstrate an understanding of the growing
importance of resource security to Europe and need for long
term strategic planning," Mark Saxon, CEO of TSX-V-listed
Tasman Metals Ltd, which owns the Nora Karr
rare earths project in Sweden, said.
"Volatile pricing and insecure access to
rare earths and other raw materials threaten to undermine
European competitiveness and may slow the uptake and
development of priority low carbon technologies, such as
electric vehicles and offshore wind energy," Saxon added.
TSX-V-listed Stans Energy
Corp. has retained additional counsel for its numerous
legal cases against the central Asian republic of
The company is seeking the repatriation of
an estimated $118m in lost earnings relating to what it saw as
the unlawful repossession of its Kutessay II rare earths
"As our case has grown both in scope and
in size, additional resources are available to the company for
deployment to ensure that a robust plan is in place to secure
compensation for Stans and its stakeholders relating to the
impact on the company’s business operations in
Kyrgyzstan," Rodney Irwin, Stans’ CEO, said.
Bennet Jones LLP will
continue to work with Stans while Torys LLP
and Freshfields Bruckhaus Deringer will
commence counsel to the company under the arrangements.
Australian rare earths miner Lynas
Corp. has welcomed an International Atomic
Energy Agency (IAEA) release that suggests that its
Lynas Advanced Materials Plant (LAMP) in Malaysia is low
|Campaigners protesting against the LAMP.
(Source: Ryan Albrey, via Flickr)
"The radiological risks to members of the
public and to the environment associated with the operation of
[the] LAMP are intrinsically low," the IEIA said.
The report is particularly important for
the company owing to a history of protests against the
company’s facility in Malaysia, at which it
processes ore material from the Mount Weld mine in
Campaigners originally protested against
the site over disproven concerns about
its radioactive by-products, fed by a local now-disused plant
that had caused health problems in the past
Lynas also released comments on recent
volatile trading of its shares. It said it was not aware of any
information that has not been announce that could explain the
recent trading patterns.
"Based on recent performance the business
currently expects to continue to deliver positive free cash
flow," Lynas said.